【$RAVE Signal】Long, confirmation of pullback after 1H momentum breakout

$RAVE 1H MACD histogram turns red and continues to expand, price has stabilized above the middle band of the Bollinger Bands. Although the 4-hour timeframe is in a bearish zone, the MACD bearish momentum bars are significantly shrinking, indicating selling pressure is weakening. After a sharp rise, the 1-hour volume has not sharply decreased, showing buying support remains solid.

After a substantial rally, the price is currently consolidating at high levels to digest profit-taking. The 1-hour RSI at 52.02 is in a healthy zone, preparing for subsequent momentum. The order book depth imbalance of -1.77% shows slightly more sell orders, but the mild positive funding rate of 0.0918% indicates bullish sentiment is still present, not yet in a frenzy stage. Under this structure, chasing the high directly carries higher risk, but the risk-reward ratio after a pullback to key support is very attractive.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Within the 1.13825 - 7.18012 range, choose a position near the lower boundary of the range for phased entries.

🛑Stop loss: 7.23756

🚀Target 1: 7.06524

🚀Target 2: 7.00780

🛡️Trade management:
- Execution strategy: After reaching target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above the entry zone and breaks downward, strictly execute the stop loss.

Check real-time market 👇 $RAVE
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